The Financial Industry Regulatory Authority (FINRA) brought enforcement claims against ACN Securities. The disciplinary actions were issued because of the failure of a CEO to terminate an employee that asked to be terminated, improper withdrawal of almost $100,000 from a bank account, operating without required capital and accepting a loan from a customer. FINRA named Simon Taylor in a complaint because of his failure to file notice of an employee termination after one of its registered employees asked to leave.
Taylor is the CEO and COO of ACN. He is also the firm’s majority owner for the past five years. The employee who requested to leave did so for the first time in May 2014, and continued to request it many times after that. Simon failed to disclose the requests to FINRA in a timely manner. If you made investments with ACN Securities, you could be entitled to recover them through the FINRA arbitration process. Please call our securities law firm at 312-332-4200 to speak to an attorney about your options. We are based in Chicago, Illinois.
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